{"id":821,"date":"2023-11-01T05:22:11","date_gmt":"2023-11-01T05:22:11","guid":{"rendered":"https:\/\/economicherald.net\/?p=821"},"modified":"2023-11-01T05:22:11","modified_gmt":"2023-11-01T05:22:11","slug":"asx-large-caps-shares-up-despite-a-swag-of-not-so-good-data-fed-decision-at-5am-tomorrow","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=821","title":{"rendered":"ASX Large Caps: Shares up despite a swag of not so good data, Fed decision at 5am tomorrow"},"content":{"rendered":"

ASX closed 0.8pc higher on Wednesday
\nA swag of reports were released today including building approvals
\nFed is in focus, with rates decision due at 5am AEDT tomorrow<\/p>\n

\u00a0<\/p>\n

The Australian stock market opened the month of November with a 0.8% rise on Wednesday. The ASX tracked major European, UK and US equities markets, which mostly closed higher overnight.<\/p>\n

Stocks rose against a backdrop of more reports of humanitarian horror in the Israel-Hamas conflict, as well as the looming US Fed\u2019s rates decision, which will be handed down at 5am AEDT tomorrow<\/strong>.<\/p>\n

There was a swag of domestic reports released today, including September dwelling approvals<\/strong>, which fell 4.6% in September after rising for the first time since May in the previous month.<\/p>\n

The ABS also released a September living costs indices report<\/strong>, which shows that living costs for employee households rose 2% in the September 2023 quarter, higher than the 1.5% rise in the June quarter.<\/p>\n

In other data, Australia\u2019s manufacturing sector<\/strong> further contracted at the start of Q4, according to Judo Bank PMI report.<\/p>\n

On the ASX, the only sector in the red today was Utilities<\/strong>, while the best performers were Real Estate, Mining and Healthcare<\/strong>.<\/p>\n

AGMs were held today for BHP, Domino\u2019s Pizza, Megaport, Sims and Vicinity.<\/p>\n

Elsewhere in the region, Asian stocks mainly gained.<\/p>\n

The Japanese Yen<\/strong> strengthened from near its weakest level this year after its forex chief said he was ready for intervention.<\/p>\n

Meanwhile, China\u2019s manufacturing activity<\/strong> unexpectedly shrank in October, signalling a loss in the country\u2019s economic momentum.<\/p>\n

\u00a0<\/p>\n

BIG CAP WINNERS<\/h2>\n

Swipe or scroll to reveal the full table. Click headings to sort.<\/em><\/p>\n

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Code Name Price % Change Volume Market Cap PDN Paladin Energy Ltd 1.02 7.41 21,633,890 $2,819,289,879 MAD Mader Group Limited 6.76 7.22 130,744 $1,260,000,000 BOE Boss Energy Ltd 4.53 4.86 2,017,495 $1,524,672,996 TAH TABCORP 0.81 4.52 3,724,306 $1,768,868,516 AD8 Audinate Group Ltd 13.09 4.51 77,757 $1,040,522,627 RMD ResMed Inc. 22.71 4.22 1,562,136 $11,294,327,026 NIC Nickel Industries 0.78 4.03 4,261,888 $3,192,928,361 PME Pro Medicus Limited 77.33 3.74 158,099 $7,786,096,497 AZS Azure Minerals 3.62 3.72 7,890,472 $1,555,717,697 SQ2 Block 62.93 3.66 76,585 $1,996,366,088 WPR Waypoint REIT 2.19 3.30 718,625 $1,424,251,080 CIA Champion Iron Ltd 7.35 3.23 1,069,761 $3,683,145,633 CHC Charter Hall Group 8.95 3.23 555,265 $4,100,885,715 LOV Lovisa Holdings Ltd 17.87 3.18 184,842 $1,899,876,507 ARF Arena REIT. 3.27 3.15 225,682 $1,117,589,529 <\/div>\n

WordPress Tables Plugin<\/a><\/p>\n

Packaging solutions company Amcor (ASX:AMC)<\/a><\/strong> rose 2% after delivering results in line with expectations for Q1. The company reported net sales of $3,443 million for the quarter. GAAP Net income was $152 million, while GAAP diluted earnings per share (EPS) was 10.5 cps.<\/p>\n

\u00a0<\/p>\n

BIG CAP LOSERS<\/h2>\n

Swipe or scroll to reveal the full table. Click headings to sort.<\/em><\/p>\n

<\/div>\n
Code Name Price % Change Volume Market Cap CEN Contact Energy Ltd 7.16 -7.13 1,850 $1,962,551,464 RED Red 5 Limited 0.30 -5.47 3,316,973 $1,107,900,560 NHC New Hope Corporation 5.51 -4.51 4,036,820 $4,877,585,627 AKE Allkem Limited 9.22 -3.35 2,302,108 $6,099,125,135 BGL Bellevue Gold Ltd 1.40 -2.94 2,991,640 $1,660,313,043 GMD Genesis Minerals 1.42 -2.91 1,144,352 $1,556,610,034 DEG De Grey Mining 1.16 -2.72 1,823,487 $2,149,918,971 360 Life360 Inc. 7.55 -2.58 231,490 $1,570,679,139 NEM Newmont Corporation 59.07 -2.22 151,103 $21,304,422,695 HVN Harvey Norman 3.60 -2.04 1,574,649 $4,572,844,420 IGO IGO Limited 9.34 -1.79 1,971,837 $7,201,616,902 OCL Objective Corp 10.43 -1.70 20,544 $1,009,929,465 WHC Whitehaven Coal 7.28 -1.62 4,906,149 $6,190,845,802 AWC Alumina Limited 0.77 -1.60 5,188,527 $2,263,311,505 YAL Yancoal Aust Ltd 4.76 -1.55 2,499,116 $6,377,722,481 LTR Liontown Resources 1.59 -1.55 5,606,147 $3,872,103,716 <\/div>\n

WordPress Tables Plugin<\/a><\/p>\n

Janus Henderson (ASX:JHG)<\/a><\/strong> fell -2% ahead of its earnings report.<\/p>\n

<\/span><\/p>\n

The post ASX Large Caps: Shares up despite a swag of not so good data, Fed decision at 5am tomorrow<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

ASX closed 0.8pc higher on Wednesday A swag of reports were released today including building approvals Fed is in focus, with rates decision due at [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":822,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nASX Large Caps: Shares up despite a swag of not so good data, Fed decision at 5am tomorrow - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=821\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX Large Caps: Shares up despite a swag of not so good data, Fed decision at 5am tomorrow - 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